Qualcomm’s (QCOM) license with its largest customer Nokia (NOK) expires in April. Wall St. has been concerned about the amount of revenue involved and that has helped hold down Qualcomm’s stock.
The news just got worse. Nokia has filed complaints against Qualcomm patents in German and The Netherlands.
Reuters quoted Nokia as saying: “If Nokia’s claim succeeds, Qualcomm would be prevented in Europe from enforcing its respective patents in relation to Nokia handsets incorporating such chipsets.”
Whether Nokia believes that its claim will be supported or the move is part of the license negotiations is impossible to tell. It is easy to figure out that the news is not good for Qualcomm.
Douglas A. McIntyre
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention.
Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.